Pudential VA Daily Highest 7

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Jun 19, 2008 10:51 am

What do you guys think of this product as compared to ING with the qrtly resets as compared to Pru daily resets?

Jun 19, 2008 11:36 am

Quarterly reset catches highest value 6% of the time, Prudentials HD7 captures 100% of the time. 16 asset allocation portfolios of which 90% beat their benchmark in 2007.

  I like the 7 year principal guarantee Gro Plus for 35 bps, can use over 60 subaccounts for that one.    The Xtra credit 6 has 6.5% bonus for no additional fee compared to some other Va's that charge, not sure about ING's. Pru has 100 subaccounts including Profunds leveraged Bull/ Bear as well as a hedge fund, many sector funds as well.   HD7 cost is .60 for single, .75 joint, ING is .75 single, .95 joint (I think). You can add and cancel pru's riders 2X per year, but can only cancel ING' on free look. Maximum annual withdrawal for pru is up to 8%, it's 7% with ING.   Stok
Jun 19, 2008 12:21 pm

Stok-

  Are you able to use UIT-style sub accounts like First Trust in the Pru product?
Jun 19, 2008 12:49 pm

Here you go Snaggs-   Can't use for HD 7 or Gro(Return of premium) guarantees.   Classic ProFunds VP

Bull

OTC

Large-Cap Value

Large-Cap Growth

Mid-Cap Value

Mid-Cap Growth

Small-Cap Value

Small-Cap Growth

Asia 30

Europe 30

Japan

Ultra ProFunds VP

UltraBull

UltraMid-Cap

UltraSmall-Cap

UltraOTC

Inverse ProFunds VP

Bear

Short Mid-Cap

Short Small-Cap

Short OTC

Sector ProFunds VP

Banks

Basic Materials

Biotechnology

Consumer Goods

Consumer Services

Financials

Health Care

Industrials

Internet

Oil & Gas

Pharmaceuticals

Precious Metals

Real Estate

Semiconductor

Technology

Telecommunications

Utilities

Bond

U.S. Government Plus

Rising Rates Opportunity

Stok
Jun 19, 2008 12:52 pm

Thanks for the info Stok. 

Jun 19, 2008 3:41 pm

OOps, my bad. Snaggletooth asked for First Trust info, not profunds. Here you go-

First Trust Target Focus Four

First Trust DowSM DART 10

First Trust DowSM Target Dividend

First Trust Global Dividend Target 15

First Trust NASDAQ® Target 15

First Trust S&P Target 24

First Trust Target Managed VIP

First Trust Value Line® Target 25

AST First Trust Balanced Target

AST First Trust Capital

Appreciation Target

AST UBS Dynamic Alpha

Stok

Jun 19, 2008 3:57 pm

Can you go 100% into First Trust?

  Also, when the market was down and some of the account was moved to a fixed bucket, did it help or hurt the overall portfolio?  I would worry that they would be late to getting you back into equities.
Jun 19, 2008 5:25 pm
You can go 100% into First Trust, just not eligible for the guarantees.   Can't use 100% First Trust for HD7 but can use the First Trust Asset Allocation portfolios.   Can't use the following First Trust portfolios for the return of premium guarantee:

Value Line(R) Target 25

NASDAQ(R) Target 15

See page 17 of prospectus.   As for the fixed bucket allocation, they have a history available. Frankly I've been surprised at how quickly they move back into equities.   Stok
Jun 19, 2008 7:32 pm

And who says VA’s are confusing? Aren’t those guarantees only used if you annuitize the contracts, which nobody ever does?

Jun 20, 2008 1:33 am

Yes VA’s can be confusing, however to be an excellent adviser requires our understanding of complex problems as well as potential solutions to those problems.  It is our job as advisor’s to be aware of these solutions, and communicate them effectively to clients.

  Unlike the annuities of yesteryear, the new breed of living benefits does not require annuitization.   Stok
Jun 20, 2008 7:09 am

So you seem to favor the Pru version. I have seen the daily step up feature advertised a lot but I have no idea who my wholesaler is. How would you explain this VA to Joe Six Pack who is about to retire

Jun 20, 2008 10:17 am

what pros/cons does this have over Jackson?